Singapore's non-oil domestic exports (NODX) advanced by 7% year-on-year in July of 2022, beating market consensus of a 6% gain, after a downwardly revised 8.5% gain in June. Sales of electronic products grew much faster (10.3% vs 4.1%), including ICs (18.5%), parts of ICs (83.2%), and disk media products (110.2). Meanwhile, sales of non-electronic products continued to rise (6.1% vs 10.0% in June), with specialised machinery, recording the biggest upward contributor (12.2%), followed by pharmaceuticals (9.0%). Among trading partners, exports climbed to the US (10.9%), Taiwan (24.4%), Malaysia (29.9%), Indonesia (22.8%), South Korea (22.4%), and the EU (22.9%), while decreased to Japan (-15.3%), China (-21.3%) and Hong Kong (-3.8%). source: Statistics Singapore
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.77 percent from 1977 until 2021, reaching an all time high of 70 percent in February of 1980 and a record low of -34.90 percent in January of 2009. This page includes a chart with historical data for Singapore Domestic Exports of Non Oil (nodx) (%yoy). Singapore Non-oil Domestic Exports (NODX) YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 7.79 percent in 2022, according to our econometric models.